| LABU latest price $116.0900 (-2.86%) ($110.5700 - $119.3980) on Mon. Jan. 11, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.36% (three month average) |
RSI | 51 |
Latest Price | $116.0900(-2.86%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 2.9% a day on average for past five trading days. |
Weekly Trend | LABU declines -4% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) ARKG(90%) IBB(90%) IWO(83%) ARKK(82%) IWC(76%) |
Factors Impacting LABU price | LABU will decline at least -2.68% in a week (0% probabilities). VIXM(-51%) VXX(-47%) UUP(-23%) TBT(-1%) UNG(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.68% (StdDev 5.36%) |
Hourly BBV | -0.5 () |
Intraday Trend | -0.5% |
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